European Central Bank Interest Rates. The current interest rate is the rate at which banks can borrow money from the central bank. The rate on the deposit facility, which banks may use to make overnight deposits with the Eurosystem.
The ECB aims to ensure that the exchange rates published reflect the market.
However, the central bank did announce.
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European Central Bank The European Central Bank (ECB) is the central bank for the eurozone (euro area, the countries which have adopted the euro). Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
